India has been grappling with the possibility of mass adoption of electric vehicles (EVs). No government has pushed EVs as much as the one of that of Prime Minister Narendra Modi.
Every single day India adds 50000 vehicles on the road, that is two wheelers, three wheelers and cars. The car penetration level in India is still at just 18 per thousand. If you compare that to China which is over 70 and America which is over 700 per thousand, India's levels are negligible. Going by the economic prosperity levels that India is hitting every single year if it was to go anywhere close to the levels of China, living in some of the metropolitan cities will become a nightmare. Therefore the governments push for EVs.
NITI Aayog along with Rocky Mountain Institute have come out with a new report which lays down a three step process till 2032 for mass adoption of EVs. To discuss that report, its implication and the viability of electric technology in India for automobiles, CNBC-TV18's Ronojoy Banerjee caught up with Chetan Maini Founder Reva & Sun Mobility, James Newcomb MD, Rocky Mountain Institute.
Watch video for entire discussion.....
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